Nationalisation isn't the way for South Africa, says Manuel

Nationalisation is not an option for the mining sector, Minister in the Presidency Trevor Manuel said on Monday.

“The minister [Susan Shabangu] was pretty forthright in saying that there will be nationalisation over her dead body. Now you couldn’t ask for a clearer statement than that,” he told the Investing in Africa Mining Indaba in Cape Town.

“The mining sector is so fundamentally important as a platform to construct the [upliftment] transition that we can’t be able to take this idea of nationalisation forward.”